JPMorgan Chase (JPM +1%) will begin to shut down its prop trading desks as part of its effort to...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan Chase (JPM +1%) will begin to shut down its prop trading desks as part of its effort to comply with new regulations on investment banks, Bloomberg reports. The bank will shut its propriety trading desk for commodities and then fixed-income and equities later.